SURO Capital (NASDAQ:SSSS) Announces Earnings Results

07 May 2026, 15:34 by Amy Steele · The Cerbat Gem

SURO Capital (NASDAQ:SSSS – Get Free Report) released its earnings results on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16), Zacks reports. SURO Capital had a negative return on equity of 7.69% and a net margin of 10,695.73%.The firm had revenue of $0.73 million for the quarter, compared to analysts’ expectations of $0.56 million.

Here are the key takeaways from SURO Capital’s conference call:

NAV jumped from $8.09 to $14.24 per share (≈76% q/q), the largest quarter-over-quarter increase in company history driven primarily by unrealized appreciation in the private portfolio.
Board approved a proposal to externalize management to Neostellar Advisors LLC (a joint advisor with Magnetar) pending shareholder approval, with Magnetar committing $20M and management continuity preserved while pre-existing investments are excluded from any new incentive fee.
The company is increasing exposure to AI and data-infrastructure leaders, funding $5M (of up to $20M) to TensorWave and completing a ~$9.5M secondary investment in ClickHouse to capture demand for AI compute and real-time analytics.
The portfolio is highly concentrated—top five positions (~Whoop, OpenAI, Vast, Blink Health, CoreWeave SPV) represent ~72% of fair value and the top 10 represent ~88%—raising idiosyncratic risk tied to a few large private holdings.
Liquidity stood at ~ $46M (≈$43.3M cash and ~$2.7M unrestricted public securities) but ~$15.9M of public securities remained subject to lock-ups, and realized gains were small relative to the surge in unrealized value.

SURO Capital Trading Down 3.9%

Shares of NASDAQ:SSSS traded down $0.54 during midday trading on Thursday, hitting $13.44. 221,333 shares of the stock were exchanged, compared to its average volume of 273,391. The stock has a market capitalization of $343.18 million, a price-to-earnings ratio of 1.93 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 54.37 and a current ratio of 54.37. The business’s 50-day moving average price is $11.16 and its 200 day moving average price is $10.03. SURO Capital has a 12 month low of $5.13 and a 12 month high of $14.48.

Analysts Set New Price Targets

A number of research analysts have issued reports on SSSS shares. Weiss Ratings cut SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Wednesday, March 18th. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a research report on Thursday, April 9th. Wall Street Zen cut SURO Capital from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Barrington Research lifted their target price on SURO Capital from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, BTIG Research lifted their target price on SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $15.00.

Read Our Latest Research Report on SSSS

Insider Buying and Selling at SURO Capital

In other news, CEO Mark D. Klein purchased 2,500 shares of SURO Capital stock in a transaction dated Tuesday, April 21st. The shares were bought at an average cost of $13.08 per share, for a total transaction of $32,700.00. Following the completion of the acquisition, the chief executive officer owned 1,673,521 shares in the company, valued at approximately $21,889,654.68. This trade represents a 0.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.69% of the company’s stock.

Institutional Trading of SURO Capital

Several institutional investors have recently added to or reduced their stakes in SSSS. Invesco Ltd. bought a new stake in SURO Capital in the first quarter valued at approximately $62,000. Jane Street Group LLC boosted its holdings in SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after acquiring an additional 6,701 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in SURO Capital by 46.1% in the first quarter. Acadian Asset Management LLC now owns 142,937 shares of the company’s stock valued at $708,000 after acquiring an additional 45,085 shares during the last quarter. Raymond James Financial Inc. bought a new stake in SURO Capital in the second quarter valued at approximately $31,000. Finally, Bank of America Corp DE boosted its holdings in SURO Capital by 222.2% in the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after acquiring an additional 2,253 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

About SURO Capital

(Get Free Report)

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.